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Bed Bath & Beyond Inc

What’s ahead in wake of bankruptcy warning

A pedestrian walks by a Bed Bath and Beyond store in San Francisco, California.Justin Sullivan | Getty ImagesWhen Bed Bath & Beyond leaders speak to investors Tuesday morning, they won't simply report sales and earnings results. They will have to address a stark reality: The cash-strapped home goods retailer is running out of time.On Thursday, Bed Bath warned it may have to file for bankruptcy, saying that it could soon be unable to cover costs as sales lag and store traffic dwindles. It also said it's struggling to…

Lululemon, Duck Creek and more

A Lululemon store in New YorkScott Mlyn | CNBCCheck out the companies making the biggest moves premarket:Lululemon — Shares of the Canadian apparel company fell more than 10% after Lululemon lowered its gross margin guidance for the first quarter. The "athleisure" chain raised its net revenue guidance for the fourth quarter and now expects growth of 25% or more, year over year.related investing newsVisa, Mastercard — Shares of the payments companies gained 1.1% and 1.7% respectively, after Keybanc upgraded their ratings…

World Wrestling Entertainment, Bed Bath & Beyond, Tesla, Costco

Chief Brand Officer and TV Personality of WWE, Stephanie McMahon delivers her keynote address at the opening of Sports Matters in conjunction with All That Matters 2016 in Singapore on September 14, 2016.Roslan Rahman | AFP | Getty ImagesCheck out the companies making headlines in premarket trading.World Wrestling Entertainment — Shares advanced 9.7% after Vince McMahon elected himself executive chairman of the company despite retiring last year due to a sexual misconduct scandal.Bed Bath & Beyond — The retailer…

World Wrestling, Bed Bath, Costco

Shoppers line up outside a Costco to buy supplies after the Hawaii Department of Health on Wednesday advised residents they should stock up on a 14-day supply of food, water and other necessities for the potential risks of novel coronavirus in Honolulu, Hawaii, U.S. February 28, 2020.Courtesy of Duane Tanouye via REUTERSCheck out the companies making headlines in midday trading.World Wrestling Entertainment — The wrestling entertainment stock surged 21% after WWE announced that founder Vince McMahon is returning to its…

Bed Bath & Beyond warns of potential bankruptcy

Bed Bath & Beyond warned Thursday it's running out of cash and is considering bankruptcy.The retailer, citing worse-than-expected sales, issued a "going concern" warning that in the upcoming months it likely will not have the cash to cover expenses, such as lease agreements or payments to suppliers. Bed Bath said it is exploring financial options, such as restructuring, seeking additional capital or selling assets, in addition to a potential bankruptcy.related investing newsShares of the company fell about 30% to…

Target under pressure, hopes value-hungry shoppers come to the rescue

Target is stressing value this holiday season, as consumers feel pinched by inflation. At its store in New Jersey, signs that advertise low-priced items are more prominent than in previous years.Melissa Repko | CNBCFAIRFIELD, N.J. — Inside of this large store in the suburbs, Target is trying to create some holiday magic for shoppers.Christmas tunes play over the loudspeaker. Adult- and kid-sized mannequins show off matching family pajamas. Red and green pillows decorate the shelves.The big-box retailer is looking for some…

GameStop (GME) earnings Q3 2022

A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022.Brendan McDermid | ReutersGameStop said Wednesday its fiscal third quarter sales declined and its cash pile sharply dwindled, as the brick-and-mortar retailer has been working to expand its digital presence.In the third fiscal quarter, which ended Oct. 29, GameStop's total sales were roughly $1.2 billion, down from $1.3 billion in the same period last year. The company's cash and cash…

Here’s what Black Friday sales tell us about the retail sector — and our top pick

The holiday shopping season got off to a solid start over the weekend, as Black Friday's online sales beat expectations and started to build some much-needed momentum for the retail sector. According to Adobe's online sales tracker, consumers shelled out a record $9.12 billion shopping online on Black Friday. That's up 2.3% over last year and well above expectations of a 1% increase. But that's only one piece of the puzzle. In another early look report, traffic on Black Friday at brick-and-mortar retail stores rose about…

Stocks making the biggest moves premarket: Activision, Tesla, Manchester United

Check out the companies making headlines before the bell:Activision Blizzard (ATVI) – Activision Blizzard slid 3.3% in premarket trading after Politico reported the Federal Trade Commission is likely to sue to block Microsoft's $69 billion purchase of the videogame publisher.Tesla (TSLA) – Tesla said its Full Self Driving Beta software is now available to everyone in North America. The announcement comes as Tesla still awaits regulatory approval for cars to be driven without human control. Tesla rose 2% in premarket…

Bed Bath & Beyond stock falls as retailer plans to issue shares to pay off debt

Signage outside a Bed Bath & Beyond retail store in New York, Aug. 25, 2022.Gabby Jones | Bloomberg | Getty ImagesBed Bath & Beyond said Monday it would issue shares to some of its bondholders in exchange for paying off a small portion of its roughly $1 billion debt load.Bed Bath & Beyond's shares down more than 8% at about $3.60 on Monday following the announcement of its stock dilution. The stock, which is down more than 70% so far this year, hit a new 52-week low Monday.In addition to its mountain of debt,…